Mbadi outlined the measure in a circular to chief executives of State corporations, emphasising that defaulting entities will also be denied governmen...

CS Mbadi has issued a stern warning to parastatals, revealing that some regulatory authorities have been circumventing rules by using surpluses in the...

Kenya’s debt service costs on external debt more than doubled in 2023, rising from Sh403 billion to Sh839 billion. This sharp increase was attributed...

The invitation is in line with Articles 201, 221, and 232 of the Constitution, which require public participation in financial matters.

This initiative follows the collapse of high-profile PPP deals involving Indian billionaire Gautam Adani in Kenya's road and energy sectors, amid alle...

The CS said that taxes currently take up 8 per cent of employees' salaries, a burden that many find excessive.

The Adani Group deal, which included the renovation and management of JKIA at a cost of Sh238 billion, was terminated a week after international corru...

The CS also emphasised the importance of ensuring that Kenyans have more disposable income after taxes.

Mbadi also emphasised that the government was still conducting due diligence on Adani's proposals and had not yet begun formal negotiations.

He pointed out that this system would be a crucial tool in the fight against corruption, a battle he vowed to take on with full resolve.

The spent funds are contrary to previous assurances that taxpayer funds would not be used to finance the mission.

A spokesperson in the World Bank's Kenya office confirmed the talks for new funding, which fell under its "Development Policy Operations" (DPO) with t...

Mbadi has warned that the Exchequer will complete the transfer of this backstop threshold amounting to Sh192.5 billion by the end of December.

Responding to criticism over the reduced allocation, the CS highlighted the reluctance of many to pay taxes while demanding more government funds.

Treasury Cabinet Secretary John Mbadi announced the trio's appointment, effective November 8, 2024, in a Gazette notice.

According to the CS, the proposal is to expand the tax base by bringing the income of the owners of digital platforms that offer the above services in...

As a result, delays in obtaining essential documents are likely to worsen, compounding issues already experienced in recent months.

Budget allocation for vehicle purchases surged from Sh8.6 billion in 2021 to Sh9.7 billion in 2022, ultimately reaching Sh14.3 billion in 2023.

Audits revealed troubling findings, such as numerous incomplete projects, significant pending bills, and delays attributed to contractors.

The discussions at the IMF meeting underscore Kenya’s commitment to economic reform and resilience in the face of ongoing challenges.